secwatch.observer — SEC 8-K summary
======================================

Issuer:     Horizon Technology Finance Corp (HRZN)
CIK:        0001487428
Form:       8-K
Filed at:   2024-10-18T23:59:59+00:00
Accession:  0001437749-24-031521
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Horizon Tech Finance issues $20M of 7.125% Convertible Notes due 2031
---------------------------------------------------------------------

- Issued $20M aggregate principal amount of 7.125% Convertible Notes maturing Oct 17, 2031.
- Net proceeds of ~$18.6M (93% of par); used for investments and general corporate purposes.
- Notes convertible after Apr 17, 2025; conversion price = greater of 5-day VWAP or NAV per share.
- Notes are unsecured; rank senior to subordinated debt, structurally junior to subsidiary debt.
- Additional 1% interest if rating falls below investment grade; 2% on overdue payments or default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1487428/000143774924031521/0001437749-24-031521-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1487428/000143774924031521/hrzn20241016_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-031521

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer